RS 79 - Toll credits
A.(1) The department shall utilize toll credits generated by past toll collections on the Crescent City Connection Bridge and not obligated on or before April 3, 2015, to meet the nonfederal share requirement on transportation infrastructure projects on the Crescent City Connection Bridge itself, the Westbank Expressway or its approaches, the Louisiana Highway 23 bridge and tunnel replacement project, the Fourth Street extension, or any combination thereof, and for no other purpose.
(2) Toll credits shall be considered a supplemental funding source and not as a replacement for any other form of state transportation funding.
B. Nothing in this Section shall be deemed, interpreted, or construed to require the department to construct any project listed in this Section before another state highway project or to give priority to any project listed in this Section over another state highway project.
C. For purposes of this Section, "toll credit" means a financing tool approved by the Federal Highway Administration that allows states to use federal obligation authority without the requirement of nonfederal matching dollars.
Acts 2015, No. 348, §1.